Director Of Credit Risk
CurrentWEX is a global leader in financial technology solutions serving the fleet, corporate payments, travel, and health spaces. I work for WEX's wholly-owned industrial bank and I oversee the performance of WEX Bank's commercial loan portfolio and credit policy across all lines of business (Mobility, Over the Road, Factoring, Rravel, and Corporate Payments). I work with the parent company to ensure that credit policies are developed to support strategic objectives and new product development. Responsibilities include:Build, implement, and maintain credit, portfolio risk, and underwriting strategies. Develop, implement, and revise credit policies and processes for:-Underwriting-Line assignments-Risk grade criteriaGenerate portfolio and new acquisition credit performance reporting, including:-Vintage analysis (cumulative and coincidental)-Roll rates-DelinquenciesCollaborate with our data scientists to determine lending criteria, leveraging traditional and alternative data sources. Develop second-line oversight frameworks to monitor credit policy adherence.Conduct customer segmentation analyses, incorporating macroeconomic trends, regulatory developments, and industry best practices.Ensure appropriate governance and oversight by facilitating monthly bank credit committee meetings.Collaborate with Product, Corporate Risk, Operations, Marketing, IT, Finance, and Sales to design, build, and launch new products and services.I am a strong believer in Banking As A Service and understand that traditional banking will continue to be a crucial component in the continuing FinTech evolution.
